Castle Hill is a growing, desirable suburb in the Hills Shire Council, in Sydney’s northwest.
Fully Funded
Sydney
|
New South Wales

Castle Hill

Castle Hill is a growing, desirable suburb in the Hills Shire Council, in Sydney’s northwest.

Project Details
S$ 2.09 M
Funds Invested
6.25%
Nett Interest Rate Per Annum
12
Tenure (Months)
Monthly
Repayment Scheme
December 21, 2023
Loan Start Date
December 20, 2024
Loan End Date

Project Description

Location

Castle Hill is a growing, desirable suburb in the Hills Shire Council, in Sydney’s northwest. The Property is approximately 23 kilometres to the Sydney CBD, and only ten kilometres to Parramatta CBD. Within immediate proximity to the subject site are several transport routes, including Castle Hill Metro station which is a five-minute bus from the Property, the M2 which is only a ten-minute drive and the express bus to the city which is only a five-minute walk. The Property is well located within the area, with Castle Towers Shopping Centre, Norwest Business Park, public schools, and other amenities within a five-kilometre radius.

Development Project

The project Property is located at Church Street, Castle Hill NSW 2154. The property is situated over 3,176 square metres of land, with frontage to Church Street of over 55 metres.

The project will comprise 13 x two-bedroom townhouses and one x three-bedroom townhouse, situated over one level of basement parking comprising 34 car spaces. Each townhouse will have a two car lock up garage, storage, and private direct lift access to their townhouse.

Purpose

The loan is provided to assist with refinance of the existing lender and construction of 14 residential townhouses located at Caste Hill, NSW.

Construction Progress

As of November 2023, the construction is 35.38% complete against cost.

Pre-sales

The project has achieved six pre-sales, resulting in a net realizable value of $8.78mil, which provides a net debt coverage of 52.09%.

Exit Strategy

The primary exit strategy is through sale of the Property upon completion of the Project. Secondary exit is through partial sell-down of the Property on completion and refinance of the residual debt through a residual stock facility with banks.

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View Our Past Property-Backed Loan Deals

These Property-Backed Loan Deals were rigorously evaluated for creditworthiness and growth potential. They have provided a healthy return for our investors who have participated in the Deals.

The property is in Nerang Broadbeach Road, Carrara QLD. Carrara is predominately a residential suburb approximately 5 kilometres south-west of central Surfers Paradise and approximately 6 kilometres north of the Southport Central Business District (CBD).

Nerang

The property is in Nerang Broadbeach Road, Carrara QLD. Carrara is predominately a residential suburb approximately 5 kilometres south-west of central Surfers Paradise and approximately 6 kilometres north of the Southport Central Business District (CBD).
6.1 - 6.6%
nett p.a.
|
12
months
The Security Property is located within established inland regional city of Goulburn, located approximately 200km southwest of the Sydney CBD and 90km northeast of Canberra. Goulburn's industrial growth has been driven by several factors, including expansion of the logistics sector and the increasing demand for high-quality and efficient industrial facilities.

Sloane

The Security Property is located within established inland regional city of Goulburn, located approximately 200km southwest of the Sydney CBD and 90km northeast of Canberra. Goulburn's industrial growth has been driven by several factors, including expansion of the logistics sector and the increasing demand for high-quality and efficient industrial facilities.
6 - 7.5%
nett p.a.
|
9
months
Devonport is a key access point from the Australian mainland into Tasmania, with its strategic location as a major port and transportation hub facilitating significant commercial activity. Devonport is Tasmania's third-largest city, with a population exceeding 30,000.

Devonport

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6%
nett p.a.
|
9
months
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